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Thursday, April 24, 2014

U.S. Stocks Rise on Earnings as Yen Climbs; Russian Shares Drop

Posted by PT KONTAK PERKASA FUTURES BALIKPAPAN On 8:11 PM No comments


U.S. stocks rose, pushing the Standard & Poor��s 500 Index near a record, after better-than-estimated earnings from Apple Inc. and Caterpillar Inc. The yen climbed, while Russian equities slid a fourth day as the conflict in Ukraine escalated.

The S&P 500 added 0.2 percent to 1,878.61 as of 4 p.m. in New York. The Nasdaq Composite Index advanced 0.5 percent. The yen strengthened against all but one of its most-traded counterparts. Copper, silver and wheat advanced. Spain��s borrowing costs declined to a record at an auction. The yield on 10-year Treasuries slipped one basis point to 2.69 percent. Russia��s Micex Index slid 2.2 percent.

More than 60 companies in the S&P 500 release quarterly results today, making it the busiest day of the season. Apple led gains in technology stocks after iPhone sales beat projections. President Vladimir Putin warned Ukraine against continuing its anti-separatist offensive after government troops killed five rebels and prompted Russia��s military to begin new drills on the two nations�� border.

Copy Source : Bloomberg

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